Avondale and Ortega are two very popular intown neighborhoods for those considering a move to Jacksonville, FL. Both offer very close proximity to downtown Jacksonville and both offer a very nice quality of life.
This graph considers the first six months of 2011 sales in each neighborhood vs. the first six months of 2012. The data considers all price points, waterfront and non-watefront but is for single family home sales only – no condominium sales are included.
The inventory in Avondale is down 43% and it’s down 35% in Ortega. The number of days on market is down 8% in Avondale and 12% in Ortega. The number of homes sold is up 15% and a whopping 61% in Ortega. Interestingly, however, the average sales price is up a substantial 20% in Avondale and actually DOWN 1% in Ortega.
The months of supply is tightening in Avondale. It’s down to 7.7 months in June 2012 which is very close to a balanced market – an equal number of buyers and sellers. The months of supply in Ortega is still pretty high at 9.3 months of inventory. So it would appear that you probably still have a little more negotiating room in Ortega than you do in Avondale.
As you review the months of Inventory, keep in mind that these statistics include very expensive waterfront properties that aren’t selling very well. If you take properties above $1M out of the mix, the inventory numbers are much, much lower.
Caroline Powell and Allison Steilberg are neighborhood experts – if you’re considering buying or selling in Avondale or Ortega – call us at 904-252-5181 and you’ll get up to the minute advice about what’s happening in the market.
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Jacksonville’s intown neighborhood of Avondale is hot! We recently sold two of our bungalow listings in the neighborhood in the first week that they were listed. The first home we listed and sold was 1303 Edgewood Avenue South. It was just about 1,800 square feet with three bedrooms, 1.5 baths and a renovated kitchen. The roof was brand new and there was a small family room. The asking price was $250K and the home sold for $245K just last week.
Last week, we listed another great bungalow at 1332 Belvedere Avenue. This house is on a great street in Avondale and is just about 1,500 square feet. It’s got three bedrooms, two full baths (the second full bath in Avondale is hard to find), newer roof, all hardwood floors, loads of windows, one and a half garage, large laundry room and a huge wrap around porch. Listed last Monday, we had a fully executed contract by Saturday.
Both of these homes were beautifully updated but the price was also right. If you’ve got a home to sell and it’s below $300K, please call us right away – there are lots of buyers out there looking!
Looking for a totally renovated home on more than a half acre of land in the heart of Avondale within walking distance to the Shoppes? JUST LISTED by the Powell Steilberg Team at Prudential Network Realty, the home was originally built in 1926 and has over 5,000 square feet of fabulous space and an additional 863 square foot guest house over the garage replete with living room, separate bedroom and full kitchen.
The grounds of the property are amazing with a parcel that stretches all the way from Hedrick to Richmond Streets offering a totally private and unusually large garden for an intown home.
Just a few special features of this lovely home include gourmet kitchen, informal family room off the kitchen plus a second, larger family room with bar, huge covered and open terraces with blue stone and brick walkways, large serene owner’s suite and an owner’s bath that rivals any in a five star hotel. Wide doorways, tall ceilings, open floorplan, light filled solarium and superior craftsmanship are just the tip of the iceberg — come see for yourself!